And it may just be one of the biggest real estate bargains of all time in Sweden.

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Trianon bought the mall for 425,9 million krona ($49m). This was reported by Di, citing Trianon’s prospectus, which was released ahead of a forthcoming IPO.

Compared with how much the previous owner, Commerz Real, paid, Barchan got a hefty discount on his mall. The German real estate developer had doled out more than three times the amount, or 1,5 billion krona ($170m) for Entré in 2009. Moreover, Commerz Real has paid an estimated 300 million ($34,5m) in further development costs, writes Di.

The industry magazine Fastighetsvärlden has called the sale one of the worst real estate deals in Swedish history. Part of the 75 percent value depreciation stems from the difficulties Entré has had in attracting customers. Many have migrated to a new market entrant, Emporia.